Dodge Buying Incentives
"Drive Forward" includes special financing offers and deferred initial payments for new-car buyers, but perhaps the most exciting part of the program is a new online buying program that enables Dodge customers to purchase or lease a vehicle without visiting a dealership.
dodge buying incentives
When it comes to leases, the 2022 Dodge Durango and 2023 Durango will likely offer Excellent value. The worst lease deals are probably going to be on the 2023 Dodge Charger and 2023 Hornet, you'll want to stay away from leasing these models. Of note for April, Dodge is forecast to offer up to $6,750 in cash rebates on the 2022 Dodge Durango and $5,500 on the 2022 Charger. Overall, the average rebate across all Dodge models is currently $3,400. Incentives can vary a lot by region. Always verify with your local dealers - I recommend using TrueCar to quickly get local pricing and incentives.
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But in January, incentives rose slightly to 2.8% of a vehicle's average transaction price (down from a whopping 8.6% on average just two years before and as much as 12% pre-COVID), according to Kelley Blue Book, but up from 2.7% in December.
That puts discounts now at around $1,297, about 1% higher than the same time in 2022, Deutsche Bank analysts estimated this week. It's the "first time since July 2020 that incentives have come in higher from the prior year," they said.
Luxury vehicles saw the highest incentives at 6.2% in January, KBB said. The most affordable vehicles, like compact cars and compact SUVs, had incentives between 3% to 4%. Vans and minivans had the lowest, at less than 1%.
Most non-luxury brands also saw declines in average transaction prices between 0.3% to 4.9% month-over-month in January, KBB said, indicating higher incentives could be pushing those vehicle prices down. That includes Chevrolet, Chrysler, Dodge, Ford, Honda, and more.
"Right now, for GMC Sierras, there's a 2.9% rate. Buicks, there's a 3.9% rate that you can get, plus there's rebates and incentives, like up to $6,000 off of MSRP on GMCs, up to $4,000 off on Buick Encores," Whitney Yates-Woods, dealer principal of Yates Buick GMC in Goodyear, Arizona, said. "We didn't see that during the pandemic at all.
"Over time, we'll ultimately have a lot more price pressure creep into the industry quickly," Jominy said. "It may become, we have way too much capacity and now all of a sudden we have to put incentives back on." 041b061a72